A reappraisal lease is a type of lease agreement where rental levels are periodically reviewed and adjusted based on appraisals conducted by independent appraisers. This ensures that the rent reflects the current market value of the property.
A reappraisal lease (also known as a revaluation lease) involves periodically reassessing the value of the leased property to adjust the rent accordingly based on prevailing market conditions. This ensures both the lessor and lessee engage under fair market terms over the lease duration.
A revaluation clause, often seen in reappraisal leases, allows for periodic reassessment of a property’s value during the lease term, enabling adjustments to rent reflective of current market conditions.
